BTC will need to hold this 0.618-0.786 zone if it wishes to continue on. It seems to be losing momentum on higher timeframes and trend line is struggling to get defended. Possible bull trap in a classic sell zone. We have a lot of resistance on the upside here and havent had enough of a correction to reset momentum yet.
Note
Going as planned.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.